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DvnielTrading
Jan 21, 2022 11:53 AM

NAS Possible consolidation phase before long  

US Nas 100OANDA

Description

This is an idea not advice



  • Price has fallen to huge demand area from the past year
  • Still strong short drift so will see how the supporting area will react ( so the trend will consolidate)
  • If the supporting area stands for the next few days to weeks it will show that we can begin buying again
  • The big however, if it falls beyond this supporting zone we will likely see huge short for more weeks to come

Comment

My Last idea in motion:

Comments
Faraz_kuchulu
This analysis reched sl or still running?
DvnielTrading
@Faraz_kuchulu The idea is short biased. Ultimately waiting on consolidations to see if it shows any signs of supporting bullish movements which it hasn't. Essentially if you are a smart trader you just wait for fall to fall first and then reactively take smart trade back upwards.
DvnielTrading
@Faraz_kuchulu Also to add, this is Nasdaq so if you're again a smart trader, this is basically worth the hold in small lot sizes with of course appropriation to R:R incase there is more potential shorts.
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